Britannia

Bradwell Lane, Porthill, Newcastle-Under-Lyme, Staffordshire, ST5 8JR

HIVE PUBS - REFURBISHMENT COMPLETED

The Britannia at Porthill was completely refurbished in 2023, transforming it into a Hive franchise pub. Hive pubs operate at the heart of the community, offering a great drinks range, a menu of pub classics and focus heavily on bringing people together via a regular programme of events and sport. Franchisees are able to build their own pub business, with help and support provided by Greene King, meaning a franchise offers a reduced level of risk verses a traditional tenancy, with a much lower cost entry point.

Location

Porthill is a suburb of Newcastle-under-Lyme, Staffordshire. The Britannia is located in a vast residential area, with a strong middle market demographic.

Business Information

Annual rent

£0

Weekly rent

£0

Entry costs

£8,000

Turnover royalty

n/a

Forecasted Operator Turnover

£546,000

Forecasted Operator Profit (inc machine profit)

£40,000

Forecasted Operator Machine Profit

£0

Average Beer & Cider Discount*

Type of Tie

Agreement

Pub Franchise Agreement is an agreement for people who have Pub Management experience but are looking to find a simple way to run their own business without having a huge entry cost. You pay • £5,000 We give • Greene King sets up the pub and takes liability for the property and pays all running costs including stock. • We also supply marketing, training, and ongoing support. You get • You’ll be paid a guaranteed income of £20,000 which is paid weekly (£385 per week). • You will be paid a percentage of weekly sales know as the weekly turnover share • You can earn bonuses based on business performance and standards audits. • Private accommodation where available.

Entry cost of £5000 is payable on change day. This includes legal fees and start up training costs. An extra £3000 will be required as working capital, to ensure there is sufficient cash flow in the business before we make our first payment to you. You will be responsible for paying any staff wages including Employers National Insurance, liability insurances to protect the business and the public, TV licence and council tax for private accommodation.

Deposit

£0

Fixtures & Fittings

£0

Legal Admin Fee

£0

Broker Fee

£0

Stocktaking Fee

£0

Working Capital

£3,000

Other Costs

£5,000

Total Entry Costs

£8,000

You will need to estimate the turnover you expect to achieve from the pub, with regard to food and accommodation (if applicable). Barrelage figures are given to assist you with calculations. All figures represent products bought from Greene King only. **Please note trading volumes for year 2021 are for part year trading and reflect the impact of closure during the Covid 19 pandemic**

Year Beer (Brls) Wine & Spirits (Ltrs) Minerals (Ltrs)
2023 334 2,671 9,354
2022 378 1,888 7,455
2021 253 1,290 6,014

There is a single bar, with dining and sports zones. including pool and darts. TV screens showing all major events are placed around the pub strategically, so not to over dominate. Externally, there is a an excellent garden with pergola and a range of seating options.

Trade Bars

1

Trade Dining Areas

1

Trade Kitchens

1

Trade Food Covers

84

Trade Gardens

1

Trade Patio Areas

1

Trade Rooms to Let

0

Meeting Rooms

0

External Child Play Areas

1

Function Rooms

0

Customer Car Park Spaces

30

Current Premises Licence Opening Hours

Sun- Thu: 10:00-23:00
Fri-Sat: 10:00-01:00

The accommodation comprises 3 bedrooms, kitchen, lounge, bathroom, toilet and office.

Private Rooms

8

Lounge

1

Dining Rooms

0

Double Bedrooms

2

Single Bedrooms

1

Bathrooms

1

Toilets

1

Private Kitchens

1

Offices

1

Bedsits

0

BDM Portrait

Being a great Hive franchisee is all about being able to make the pub the centre of the community. You must ensure the pub has fantastic operational standards, offer exceptional customer experiences and drive footfall via live events and sport on TV. To be considered to become a franchisee, you must have pub or hospitality management experience. If you'd like to learn more, then please contact our recruitment team.

Asa Charlton, Business Development Manager

Apply for this property

The Pub Partners team at Greene King is here to help you make the right decisions about starting your own pub business.